Spousal annuity and dual career FERS employees


Q. My wife and I are both federal employees nearing retirement. What are the pros and cons of deciding not to have a spousal annuity for either one of us since we will have our own benefits, including our own Thrift Savings Plans and Social Security?

A. It’s simply a question of whether you want or need the additional income on the death of a spouse and if it’s worth the cost of having your annuities reduced to pay for it.


About Author

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

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